(in € thousands) |
Q4'10
(unaudited) |
Q4'09
(unaudited) |
FY'10
(audited) |
FY'09
(audited) |
||||
Operating result | 64,725 | 110,730 | 186,322 | 220,888 | ||||
Financial (losses) / gains | -4,394 | -3,890 | -11,789 | -19,741 | ||||
Depreciation of PPE | 3,396 | 5,951 | 14,863 | 20,416 | ||||
Amortisation of intangible assets | 27,105 | 19,805 | 94,235 | 85,920 | ||||
Change to provisions | 1,500 | 10,807 | -5,180 | -1,267 | ||||
Change to stock compensation reserve | 2,092 | 705 | 12,901 | 7,748 | ||||
Changes in working capital: | ||||||||
Change in inventories | -13,965 | 12,876 | -26,987 | 81,363 | ||||
Change in receivables and prepayments | -65,138 | -71,469 | -27,617 | -14,090 | ||||
Change in current liabilities | 127,531 | 119,214 | 28,545 | 48,536 | ||||
Cash generated from operations | 142,852 | 204,729 | 265,293 | 429,773 | ||||
Interest received | 278 | 966 | 977 | 2,843 | ||||
Interest paid | -6,125 | -8,735 | -25,589 | -66,480 | ||||
Corporate income taxes paid | 4,260 | -10,813 | -30,378 | -25,798 | ||||
Net cash flow from operating activities | 141,265 | 186,147 | 210,303 | 340,338 | ||||
Investments in intangible assets | -14,140 | -14,562 | -47,096 | -56,991 | ||||
Investments in property, plant and equipment | -8,155 | -6,550 | -17,866 | -18,735 | ||||
Acquisition of subsidiary | 0 | -11,369 | 0 | -13,973 | ||||
Total cash flow used in investing activities | -22,295 | -32,481 | -64,962 | -89,699 | ||||
Repayment of borrowings | -85,000 | -210,000 | -210,000 | -622,048 | ||||
Proceeds on issue of ordinary shares | 815 | 74 | 817 | 415,941 | ||||
Total cash flow from financing activities | -84,185 | -209,926 | -209,183 | -206,107 | ||||
Net (decrease) increase in cash and cash equivalents | 34,785 | -56,260 | -63,842 | 44,532 | ||||
Cash and cash equivalents at beginning of period | 267,615 | 422,932 | 368,403 | 321,039 | ||||
Exchange rate effect on cash balances held in foreign currencies | 3,200 | 1,731 | 1,039 | 2,832 | ||||
Cash and cash equivalents at end of period | 305,600 | 368,403 | 305,600 | 368,403 |